ABSTRACT
A new world is in the making. Besides the traditional world powers new actors are emerging. Europe and Asia have to find their roles in this new world. The geographical borders between Europe and Asia are being blurred. The traditional term Eurasia expresses best this development. China is the most powerful state, but Asia is not China-controlled. The US academic debate focuses mainly on China and Europe is taken more or less as a given ally. A multipolar world entails polarization, arms races, trade wars, mutual demonization of adversaries, and the fight for domination with the danger of war. At the same time, multilateralism is declining. The unilateral abandonment of the Vienna negotiated Iran nuclear agreement by President Trump violates international law and is a setback for multilateralism. Multipolarity without multilateralism is a dangerous mix in the world. In the Asian regional system few multilateral cushions are available. President Biden’s foreign policy will be more diplomatic and multilateral. Great power competitions will remain. The CSCE-Helsinki Final Act of 1975 could not only serve as a model for Europe but the whole Eurasian area.
